How Rising Interest Rates affect Borrowers and Affordability
Average mortgage rates jumped from 3.5% in April to 4.125% in July on 30-year fixed rate conventional loans, an increase of .625%. Due to increase in rates, home buyers have lost around 7.5% in purchasing power in just the past four months. HOW RISING INTEREST RATES...5 Fast Ways to Raise My Credit Score
Want to buy a house? Wondering if you can qualify? We can help and now is the time to get started. Give us a call and we can review your credit situation and even pull a complete credit profile for FREE! The major purchases you make, like a home or a car, are...7 Tricks to Help Your Purchase Offer Stand Out From the Crowd
The real estate market is as tough as ever and getting any kind of edge over your competitors is great, no matter how small or superficial it may seem.Any real estate agent knows that branding and personality shine in this buyer’s market. Of course, buyers also want a...Think Twice Before You Lease Solar Panels for Your Home
Think Twice Before You Lease Solar Panels for Your Home! “Going Green” is a hot topic across the country. Home owners and home buyers need to consider the many factors below, before committing to solar panels for your home. A recent study has shown that solar...Property Types Eligible for VA Loans in California
California offers a wide variety of homes to satisfy any buyer’s desires. VA loan buyers need to focus on certain types of properties so they can get a final VA Loan Approval. Condos, manufactured homes, co-ops, single-family homes — California real estate has...Getting A California Home Loan: Why So Many Documents?
“Why do I have to provide so many documents when applying to purchase a new home?” “It seems like the bank needs to know every detail about my financial background, previous residences and additional verification from my employer and the IRS.” “I’ve heard from my...100% Cash-Out VA Refinance
Does A 100% Cash Out Refinance Make Sense? Orange County, CA – Did you know if you are a Veteran you can refinance the full amount of the value of your home? Reducing your interest rate and consolidating debt are reasons you should consider. What kinds of debt...Rate Locks & Good Faith Estimates… Know the difference!
Top 5 Questions 1. What guarantee do you offer with rates provided on your written rate quote? A rate quote is NOT a guarantee of a mortgage rate until the loan is “LOCKED.” A quote is a reflection of the rate “At that moment” the loan officer...How Many Times Can You Refinance with a VA IRRRL?
Question:How many times can someone refinance their home with the VA Streamline program, sometimes called the VA to VA loan and also known as the IRRRL (interest rate reduction refinance loan)? Answer:As many times as it makes sense.When interest rates trend downward,...
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